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<p>[QUOTE=&quot;Juan Blanco, post: 1626242, member: 41665&quot;]Bix Weir opinion-piece: </p><p><a href="http://www.roadtoroota.com/public/330.cfm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.roadtoroota.com/public/330.cfm" rel="nofollow">http://www.roadtoroota.com/public/330.cfm</a></p><p><br /></p><p>If I read that Bix Weir right, <b>US law does not require <i>domestically-sourced <i>US </i>Silver ore</i> in ASE planchets.</b> So it&#039;s erroneous to conflate &quot;US mining shortfalls&quot; with anything related to US ASE production. Which is fairly insignificant in the big picture anyway, I posted global data/percentages previously (see links below.) </p><p><br /></p><p><b>US Silver Coin production consumes a scant ~4% of the annual global Ag production.</b> Also, fwiw US retail demand FELL last year... the US Mint got the memo! <a href="http://www.cointalk.com/t220993/#post1618330" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t220993/#post1618330">http://www.cointalk.com/t220993/#post1618330</a> </p><p>Likewise, the USA accounts for less than 4% global retail Gold bullion investment and US retail demand for Au bullion has been FALLING for 3 years. That&#039;s TREND not opinion. </p><p><a href="http://www.cointalk.com/t219973/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t219973/">http://www.cointalk.com/t219973/</a></p><p><br /></p><p>US Mint &quot;shortages&quot; are not indicative of global PM supply, in fact. US ore production is irrelevant, there&#039;s enough (global ore) supply to meet (falling) US coin-demand. The issue is PLANCHET PRICE. I have asked here before: <i>What percentage of the US Mint&#039;s Silver planchet production from the Perth Mint? </i>(Apparently, no one here knows.) If ~30% (or more??) is foreign production we must admit that FOREIGN SILVER PLANCHET PRICE (not US ore) is likely to be the decisive factor in any excess Ag coin production. Heck, AUD forex might be a bigger deal (for all we know) than US Mint sales estimates. I also looked at the 2012 US Mint report and see (confirmed) that <u>negative seignorage</u> is a stated concern. That&#039;s a much bigger issue that any fantastical &quot;Silver shortage&quot; and rather disappointing to those seeking a conspiracy theory. </p><p><br /></p><p>It&#039;s just math/accounting, folks; if the US Mint isn&#039;t as successful in the bullion business they WILL scale back accordingly. <a href="http://www.usmint.gov/about_the_mint/?action=annual_report" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/about_the_mint/?action=annual_report" rel="nofollow">http://www.usmint.gov/about_the_mint/?action=annual_report</a></p><p><br /></p><p>There&#039;s no Silver supply shortage hitting the US bullion coin market. The problem is US Mint margins and PM planchet price volatility (with decreasing US collector demand.) And NONE of this -- dwarfed US retail bullion data -- has anything to do with POS/POG on global markets. Beware the perils of faulty correlation suggesting otherwise.[/QUOTE]</p><p><br /></p>

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